Who holds SunPower's stock?
Only 0.67% of the stock of SunPower is held by insiders. Only 32.12% of the stock of SunPower is held by institutions. Earnings for SunPower are expected to grow by 212.50% in the coming year, from $0.08 to $0.25 per share.
What are analysts'target prices for SunPower's shares?
9 Wall Street analysts have issued 1 year target prices for SunPower's shares. Their forecasts range from $6.00 to $11.00. On average, they expect SunPower's share price to reach $7.7925 in the next year. This suggests that the stock has a possible downside of 39.8%.
When is SunPower's next quarterly earnings release?
SunPower is scheduled to release its next quarterly earnings announcement on Wednesday, February 16th 2022. View our earnings forecast for SunPower. How were SunPower's earnings last quarter?
Should you buy SunPower stock on the dip?
But shares of SunPower have risen almost 600% in the past year, which raises growth expectations to justify its valuation. Investors today appear to be adjusting to the reality of a time frame for that growth. For long-term investors, the dip may be a buying opportunity -- if one is comfortable with the volatility of the sector.
See more
Will SunPower recover?
In terms of guidance, the outlook for 2022 is positive with a target of adding between 73,000 and 80,000 new residential customers. The gross margin momentum is expected to continue with an adjusted EBITDA at a midpoint estimate of $100 million, more than double compared to $46.8 million in 2021.
Is SunPower a good stock to buy?
The stock seems fairly valued at the moment according to my valuation model. It's trading around 15% below my intrinsic value, which means if you buy SunPower today, you'd be paying a fair price for it. And if you believe the company's true value is $18.74, then there's not much of an upside to gain from mispricing.
What happened to SunPower?
SunPower Corporation (SunPower) has announced its plan to split into two separate companies. SunPower will continue to be a distributed generation energy services company while their new company, Maxeon Solar Technologies (Maxeon Solar), will focus on the manufacturing of solar panels.
Is SunPower in financial trouble?
SunPower's revenue was up 41.9% to $308.9 million on the back of a recovery in residential solar sales. Over the last year, adjusted EBITDA rose from negative $4 million to positive $22 million in the second quarter of 2021. Net recourse debt dropped from $561 million a year ago to $283 million at the end of Q2 2021.
Should I sell my SunPower stock?
The consensus among Wall Street analysts is that investors should "hold" SunPower stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SPWR, but not buy additional shares or sell existing shares. View analyst ratings for SunPower or view top-rated stocks.
Should I sell sunrun stock?
13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sunrun in the last twelve months. There are currently 13 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Sunrun stock. View analyst ratings for Sunrun or view top-rated stocks.
Is SunPower a good investment 2021?
SunPower has big plans for expansion in the US in 2022, following a Q4 2021 customer base of 427,000, a 42% increase in Q4. Residential gross margins are a healthy 20% and there is expected to be substantial growth of the digital business in 2022.
Who bought SunPower?
TotalEnergiesTotalEnergies is buying SunPower's commercial and industrial business, the two companies announced Wednesday evening. The $250 million deal includes $190 million cash up front, plus another $60 million to be paid if an extension to the solar investment tax credit is passed, a company spokesperson said.
Who owns SunPower solar company?
TotalEnergiesCypress SemiconductorSunPower/Parent organizations
Who is better sunrun or SunPower?
Verdict: SunPower has a slight advantage over Sunrun in terms of the overall quality of their solar panels. The company produces high-quality panels through Maxeon Solar while Sunrun has to rely on third-party suppliers.
Are SunPower panels made in the USA?
Founded in 1985, SunPower's headquarters are in San Jose, California with manufacturing plants in Mexico, Malaysia, Philippines and China. In 2021 SunPower will be celebrating its 36th birthday, which is a very impressive milestone.
How many customers does SunPower have?
As a result, SunPower has a commercial solar installed base of 1.6 gigawatts across its unique go-to-market platform of direct and indirect channels, with a number of Fortune 500 customers.
About SunPower
SunPower (NASDAQ:SPWR) Frequently Asked Questions
SunPower Corp. engages in the design, manufacture and deliver of solar panels and systems. It operates through the following business segments: Residential, Light Commercial; Commercial & Industrial Solutions; and Other.
NASDAQ: SPWR
14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for SunPower in the last year. There are currently 4 sell ratings, 7 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" SunPower stock.
SunPower is growing again, but not as much as investors had hoped
You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More
The high-level picture for SunPower
SunPower ( SPWR -4.46% ) continues to transform its business in 2021, partly as a result of new technologies coming out and partly because it's no longer in the business of building solar panels after spinning off its panel manufacturing to Maxeon Solar Technologies.
NASDAQ: SPWR
Beating or missing analyst estimates will move a stock short-term, but long-term investors should focus on where a company is trending over time. Here are the highlights I think are most important from SunPower's second-quarter results.
Where SunPower is growing
SunPower's revenue was up 41.9% to $308.9 million on the back of a recovery in residential solar sales.
Is SunPower falling behind the competition?
After SunPower spun off its manufacturing unit Maxeon Solar Technologies, the company had to decide where it was going to focus its attention.
The bottom line
One of the reasons investors may not be terribly impressed with SunPower's results is because competitors are growing even more quickly. Here are some highlights from recent earnings reports from the second quarter of 2021:
Sales
- SunPower Co. (NASDAQ:SPWR) announced its earnings results on Thursday, May, 9th. The semiconductor company reported ($0.45) EPS for the quarter, beating the Thomson Reuters' consensus estimate of ($0.50) by $0.05. The semiconductor company earned $348.22 million during the quarter, compared to the consensus estimate of $387.93 million. SunPower had a ne…
Release
- SunPower is scheduled to release their next quarterly earnings announcement on Monday, July 29th 2019. View Earnings Estimates for SunPower.
Risks
- 7 brokerages have issued 1 year target prices for SunPower's shares. Their predictions range from $4.00 to $9.00. On average, they anticipate SunPower's share price to reach $6.7857 in the next year. This suggests that the stock has a possible downside of 12.2%. View Analyst Price Targets for SunPower.
Ratings
- 7 Wall Street analysts have issued \"buy,\" \"hold,\" and \"sell\" ratings for SunPower in the last year. There are currently 3 sell ratings and 4 hold ratings for the stock, resulting in a consensus recommendation of \"Hold.\" View Analyst Ratings for SunPower. Headlines about SPWR stock have been trending neutral recently, according to InfoTrie Sentiment. The research group rates t…
Ownership
- SunPower's stock is owned by many different of retail and institutional investors. Top institutional investors include California Public Employees Retirement System (0.52%), Rock Point Advisors LLC (0.52%), IndexIQ Advisors LLC (0.17%), Guinness Asset Management Ltd (0.12%), First Trust Advisors LP (0.10%) and Swiss National Bank (0.08%). Company insiders that own SunPower st…
Business
- SunPower has a market capitalization of $1.09 billion and generates $1.73 billion in revenue each year. The semiconductor company earns $-811,090,000.00 in net income (profit) each year or ($0.88) on an earnings per share basis. SunPower employs 6,600 workers across the globe.
Location
- SunPower's mailing address is 77 RIO ROBLES, SAN JOSE CA, 95134. The semiconductor company can be reached via phone at 408-240-5500.
The High-Level Picture For Sunpower
- Beating or missing analyst estimates will move a stock short-term, but long-term investors should focus on where a company is trending over time. Here are the highlights I think are most important from SunPower's second-quarter results. 1. SunPower's revenue was up 41.9% to $308.9 million on the back of a recovery in residential solar sales. 2. Ove...
Where Sunpower Is Growing
- After SunPower spun off its manufacturing unit Maxeon Solar Technologies, the company had to decide where it was going to focus its attention. The utility-scale development business had been sold off or shut down, and now SunPower seemed focused on residential and light commercial solar (RLC), and what it calls commercial and industrial solar (C&I). But it's now clear that RLC, a…
Is Sunpower Falling Behind The Competition?
- One of the reasons investors may not be terribly impressed with SunPower's results is because competitors are growing even more quickly. Here are some highlights from recent earnings reports from the second quarter of 2021: 1. SolarEdge (SEDG-2.64%)revenue was up 45% from a year ago to $480.1 million, and gross margin was 32.5%. 2. Enphase Energy's revenue was up 15…
The Bottom Line
- SunPower continues to grow its install base, expand its offerings to customers, and build tools that small, local installers can use to grow their business in solar, energy storage, EV charging, and eventually the smart home. I think that could be a winning strategy long-term. Results will be lumpy, but right now the company is headed in the right direction -- and if that continues, the sto…